Guidance for attest engagements regarding XBRL.The PCAOB has released staff Q&As related to attest attest v. 1) to confirm (usually in writing) that a document is genuine. 2) to bear witness that someone actually signed a document, such as a will. All states require at least two witnesses (three in Vermont) to attest that a will was signed and declared to be a will (except a will written in one's own handwriting in some states). (See: will, witness, holographic will) engagements regarding XBRL data furnished under the SEC's XBRL Voluntary Financial Reporting Program on EDGAR. The Q&As provide guidance for auditors engaged to report on whether the XBRL data accurately reflects the corresponding information in EDGAR filings. The guidance addresses performance and reporting matters related to applying the board's attestation Attestation The act of witnessing the signing of a document and then also signing it to verify that it was properly signed by those bound by its contents.Notes: Ideally the person acting as the witness to the signing of a document is an independent third party. Most often people will attest for a will or power of attorney. See also: Estate, Estate Planning, Power of Attorney, Will standards to these engagements. For more, visit http://pcaobus.org/News_and_Events/News/2005/05-25a.asp. |
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